Colorado Springs Real Estate Market
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Most Current Real Estate Market Stats
Check out the latest housing market conditions and statistics in Colorado Springs!*
Average Home Price
The average home price for March was $527,629 which is 0.7% higher than last year.
Median Home Price
The median sales price is the "middle of the road" price for all the homes for sale. March's price was $460,000, up 2.2% from last year.
Colorado Springs Housing Market Graph
This is the 20-year trend for real estate, specifically the average home price in Colorado Springs.
Colorado Springs Foreclosure Starts
There were 47 new foreclosure starts from March of 2024. Learn more about foreclosure starts at the El Paso County Public Trustee.
Is Colorado Springs in a buyer's or seller's market right now?
When it comes to pricing, the List to Sold Price percentage is an impressive 99.4%. This means that homes are selling very close to their asking price, showing strong demand in the market. The median days on market is just 27 days, indicating that homes are selling quickly in Colorado Springs.
Colorado Springs has experienced a jump at the rate of 26.2% for housing supply since this time last year. In March 1,868 active homes gave us a 2 months supply.
To calculate the months' supply of "inventory" we divide the total number of active homes by the number of homes sold in a given month. This gives you the months' supply - how long it would take to sell all the active homes. We like to see 5-6 months for a more balanced market.
With less than 2 months of inventory, we can confidently call this a seller's market.
Real Estate Is My Passion
If you have more questions about the Colorado Springs Housing market, feel free to reach out. You can also email me at [email protected]. We know real estate can change quickly, so for more accurate and up-to-date information please reach out.
*Based on information from the Pikes Peak REALTOR® Services Corp. ("RSC"), for the periods mentioned above. RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.